![]() He also mentioned that the bar sales are almost back to pre-COVID levels. Hughes confirmed that he reopened Hellcat Annie’s back in November 2020, complete with an open-air cabin located on Tenth Avenue. “I played golf, read books, worked on the house and taught myself how to make cartoons.” He claims that he’s managed to do a lot better than many others, mainly because his bars had been closed during most of last year. But he’s now down to just five or six employees. We’re really at a tipping point of its acceptance.”īefore the Coronavirus crisis began, Hughes had employed 50 workers at his establishments. But more and more people look at crypto as a monetary instrument. “I’m not aware of any other bars or restaurants that have been sold for crypto only. The sale of Hellcat Annie’s and Scruffy Duffy’s may potentially mark a significant new chapter in supporting further growth and adoption of cryptocurrencies in the US and globally.Ĭharles Cascarilla, CEO at Paxos Trust Company, remarked: US federal regulators are also working on assisting banks with easily settling transactions in digital currencies. Major payments companies like Square and now even PayPal are offering ways to easily acquire Bitcoin, Ethereum, and several other crypto-assets. His request was recently approved and fulfilled by the Carolina Panthers. National Football League (NFL) player Russell Okung had demanded back in May 2019 to be paid his salary in Bitcoin. Hughes may be joining many other investors, large institutions and everyday US residents who now believe that Bitcoin and some other cryptocurrencies could serve as a legitimate alternative to the fiat-based monetary system. The digital assets market is being driven by rising fears about debt and the gradual devaluation of the US dollar, which has been the world’s most dominant currency for many years.
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